50 Welland Ave

For Sale 70 Days
$1,595,000
11 beds
7 baths

50 Welland Ave

For Sale 70 Days
$1,595,000
11 beds
7 baths

Highlights

Key insights

Description

Looking to grow your portfolio with a reliable income property? This well-maintained 7-unit building is ideally situated in the heart of downtown St. Catharines, steps to shopping, dining, public transit, and the city's ongoing revitalization. The property features 3 one-bedroom units and 4 two-bedroom units, all fully rented, generating a gross annual income of approx $115,000 with positive cash flow and a strong cap rate. Benefit from the on-site parking, a low-maintenance exterior, and the added convenience of on-site laundry for extra income. This is a smart, turnkey opportunity in a high-demand rental area, perfect for any investor looking for stability and growth. Financials available. (id:55581)

Phyllis De Prophetis of REVEL Realty Inc., Brokerage,
#X12249446
updated 2 months ago.
Houseful checked MLS® for data 2 months ago.

Home overview

Amenities / Utilities
  • Cooling
    Window air conditioner
  • Heat source
    Natural gas
  • Heat type
    Radiant heat
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    3
  • # parking spaces
    5
Interior
  • # full baths
    7
  • # total bathrooms
    7.0
  • # of above grade bedrooms
    11
Location
  • Subdivision
    451 - downtown
  • Directions
    2007799
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12249446
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28529681/50-welland-avenue-st-catharines-downtown-451-downtown
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-4,253

/ Month
25 Years fixed, 20% down payment, % interest
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